Reply #7: It already is a flat tax

[sally343434]

It just stops taxing at $87,900. Every dollar below that is taxed at 12.4%. If you're self-employed, you pay it all. If you're an employee, you pay half and the employer pays half. But you really end up paying it all anyway, since the employer's half is considered part of your "potential wage."

Also, this tax is only on wages, so those who make all their income from "investments," like campaign contributions, pay nothing at all.

The obvious solution here is to remove or raise the cap.